Yesterday, both in 120 min and 240 min, we were wait for a bottom deviation of ETH , but the it's price tells us that it's almost impossible.
In fact, there was already a sign last night. In 120 min line did not give us good trends, instead, ETH fell successively and rebounded in the early morning, which means that the bulls are in a weak position.
Sure enough, today I waited for the Great Falls of the entire market.
However, because the MACD did not form a golden fork for 120 min and 240 min, it did not constitute a buying point too, so all of us who basically kept empty position and did not suffer losses.
As for the next trend, we see that ETH has already formed a bottom deviation in 30 min line.
But we don't know whether it is a rebound in time or a rebound in space. We should be cautious.
And, ETH still not form a bottom deviation in 120 min line. If a gold fork is formed, a strong rebound may occur. At this point, I suggest you keep observation on it and wait for the sign from the K line.
In fact, there was already a sign last night. In 120 min line did not give us good trends, instead, ETH fell successively and rebounded in the early morning, which means that the bulls are in a weak position.
Sure enough, today I waited for the Great Falls of the entire market.
However, because the MACD did not form a golden fork for 120 min and 240 min, it did not constitute a buying point too, so all of us who basically kept empty position and did not suffer losses.
As for the next trend, we see that ETH has already formed a bottom deviation in 30 min line.
But we don't know whether it is a rebound in time or a rebound in space. We should be cautious.
And, ETH still not form a bottom deviation in 120 min line. If a gold fork is formed, a strong rebound may occur. At this point, I suggest you keep observation on it and wait for the sign from the K line.